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Social Media: Another Expansion

Securities and Exchange Commission just gave permission for companies to use social media such as Twitter and Facebook to announce key information.

The decision came after “the SEC’s report of investigation stems from an inquiry the Division of Enforcement launched into a post by Netflix CEO Reed Hastings on his personal Facebook page stating that Netflix’s monthly online viewing had exceeded one billion hours for the first time. Netflix did not report this information to investors through a press release or Form 8-K filing, and a subsequent company press release later that day did not include this information”.1

Will the president in the future address the nation exclusively through Facebook or Twitter?

1: http://www.sec.gov/news/press/2013/2013-51.htm

Source: www.sec.gov